Russian Energy Minister Alexander Novak is still keeping his cards close to his chest, with the ministry
Del Pino visited Moscow earlier today, also meeting with Rosneft’s chief Igor Sechin, as part of efforts to help negotiations among OPEC members head in the right direction from Venezuela’s perspective. The South American country is perhaps the hardest-hit by the oil price crisis, with its economy in shambles and close to defaulting on its debt.
According to Del Pino, his country proposed during this meeting that non-OPEC countries take
Russia’s energy top cat has made several noncommittal remarks regarding production levels this past week during his meetings with other senior oil officials, including Saudi Arabia’s Oil Minister Khalid al-Falih and OPEC’s secretary-general Mohammed Barkindo.
After the Novak-al-Falih meeting, both ministers offered up
Yesterday, Novak met with Mohammed Barkindo, with media quotes of the minister
Novak added that he and OPEC’s secretary-general had indeed discussed specific steps that could be taken to achieve these ends, adding, however, that he would not like to go into any more detail about these.
Venezuela’s government, for its part, is doing its best to gain support for a freeze. This weekend, President Nicolas Maduro
By Irina Slav for Oilprice.com
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